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State-owned refinery run rates dip in early November

Beijing (JLC), November 8, 2024--Chinese state-owned oil refineries' run rates inched down in the week to November 6, 2024 (Wednesday), JLC’s data shows.

11-08-2024 10:22:29

Crude stocks at Shandong ports rebound as unloading outpaces delivery

Guangzhou (JLC), November 7, 2024--The stocks of crude, fuel oil and diluted bitumen at Shandong ports rallied in the week to November 7 as cargo unloading outpaced delivery.

11-07-2024 20:03:18

PetroChina to raise its November crude runs after unit restart

Guangzhou (JLC), November 5, 2024--PetroChina plans to boost its crude runs by 4.67% month on month in November, following the restart of its 200kbd Jilin Petrochemical in the middle of October.

11-05-2024 14:31:50

Independents’ crude refining margins improve in late Oct

Guangzhou (JLC), October 31, 2024--Shandong-based independents’ refining margins for imported crude improved in late October, buoyed by slipping costs and increasing sales revenue.

10-31-2024 14:40:25

Chinese refiners to see less refinery maintenance in November

Guangzhou (JLC), October 28, 2024--Chinese refiners will see less refinery maintenance in November, according to their plans.

10-28-2024 19:25:13

China INE crude price dips on US crude inventory build

Guangzhou (JLC), October 24, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) retreated slightly on Thursday on the back of a larger-than-expected increase in t

10-24-2024 18:57:05

China INE crude price extends gains on optimism over China’s oil demand

Guangzhou (JLC), October 23, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) increased further on Wednesday, supported by renewed optimism about China’s oil de

10-23-2024 19:01:59

Shandong independents' run rates slip amid negative margins

Guangzhou (JLC), October 23, 2024--Shandong independent refiners' operating rates slipped in the week to October 23 due to lingering negative margins and an upcoming refinery turnaround.

10-23-2024 18:40:56

Shandong independents' run rates slip as margins turn negative

Guangzhou (JLC), September 25, 2024--Shandong independent refiners' run rates dropped again in the week to September 25 as the refining margins for imported crude plunged into negative territory.

09-25-2024 17:52:19

Independents’ refining margins for imported crude turn negative

Guangzhou (JLC), September 25, 2024--Shandong-based independents’ refining margins for imported crude plunged significantly and turned negative in late September, due to higher crude costs and lower s

09-25-2024 17:27:22

CNOOC starts up China’s first deepwater oilfield secondary development project

Guangzhou (JLC), September 25, 2024--State-owned China National Offshore Oil Corporation (CNOOC) brought in China’s first deepwater oilfield secondary development project in the waters of the Pearl Ri

09-25-2024 16:12:02

DES Shandong premiums for ESPO turn positive, first time in 2024

Guangzhou (JLC), September 24, 2024--The DES Shandong premiums for Russian ESPO Blend began to rise in mid-to-late August and turned positive on September 23, which could mainly be ascribed to increa

09-24-2024 18:24:00

State-owned refinery run rates move higher

Beijing (JLC), September 12, 2024--Chinese state-owned oil refineries' run rates inched up in the week to September 11, 2024 (Wednesday) as several refineries raised crude runs, JLC’s data shows.

09-12-2024 17:36:13

PetroChina Guangdong receives 10 VLCCs in August

Guangzhou (JLC), September 9, 2024 – PetroChina Guangdong Petrochemical received 10 very large crude carriers (VLCCs) at its oil terminal in August, marking a milestone.

09-09-2024 15:51:32

Changqing Oilfield produces over 1 billion toe of oil and gas

Guangzhou (JLC), September 3, 2024 – PetroChina's Changqing Oilfield – China's largest oil and gas field – has produced over 1 billion metric tons of oil equivalent (toe) of oil and gas.

09-03-2024 15:54:34

Independents’ crude refining margins move lower

Guangzhou (JLC), August 29, 2024--Shandong-based independents’ crude refining margins moved lower in late August, as their sales revenue continued to drop.

08-29-2024 14:56:41

Sinopec revises down its crude throughput plan for 2024

Guangzhou (JLC), August 27, 2024--Sinopec has revised down its crude throughput plan for 2024, which can be ascribed to relatively weak demand for diesel.

08-27-2024 15:43:06

Northeast China launches re-export of crude from futures delivery

Guangzhou (JLC), August 13, 2024--Northeast China has recently started the re-export of crude oil from futures delivery at Dalian Port, according to China News Agency.

08-13-2024 16:38:15

Sinopec and PetroChina likely to see divergent crude throughput in H2 2024

Guangzhou (JLC), August 7, 2024--Sinopec is expected raise its crude throughput by 1.78% in the second half (H2) of 2024, while PetroChina is likely to cut its throughput.

08-07-2024 16:02:20

China INE crude price falls further on prospect of oversupply

Guangzhou (JLC), July 23, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) continued to fall on Tuesday due to the prospect of an oversupply next year.

07-23-2024 19:35:26

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